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From: | "vincent.wang" <vincent.wang@xtra.co.nz> |
Date: | Thu, 27 Jan 2000 11:25:53 +1300 |
Apart from those reasons mentioned by some of you,
I think the following two reasons also would have negative impacts on Nufarm's
profitability:
1) the worldwide hike of interest rate.
Nufarm has a weak balance sheet, its debt ratio is as high as 66%.
2) the weakening of Euro dollar. A large
portion of Nufarm's income is derived from Europe. If the N.Z.
dollar appreciate to 60-61 cents(against Greenback) by the end of this
year as some economists predicted, then Nufarm would incur some exchange
loss.
RGDS,
Vincent
Wang
Disclosure: holder of Nufarm
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